INSURANCE NEWS
Judge Approves Anthropic’s $1.5 Billion Settlement of Copyright Lawsuit
A federal judge in San Francisco on Monday signed off on artificial intelligence company Anthropic’s landmark $1.5 billion settlement of a class action lawsuit brought by a group of authors who accused it of misusing their books to train its …
Heat Morphs Into a Major Economic Shock for an Unprepared Europe
Europe’s status as the planet’s fastest-warming continent is becoming a serious drag on its economic prospects. The region, where temperatures are rising at a pace that’s roughly twice the global average, can no longer afford to ignore the economic impact …
Amgen Settles Shareholder Lawsuit Claiming it Hid $10.7 Billion Tax Bill
Amgen reached a $74 million settlement of a lawsuit accusing the biotechnology company of waiting too long to disclose that it might owe the Internal Revenue Service $10.7 billion for underreporting six years of taxes. A preliminary settlement of the …
Kentucky DOI Set to Lower Exam Score Requirements if Agent Has Sponsor
Applicants hoping to become insurance agents in Georgia may soon be able to start work even if they don’t ace the license exam. The state Office of Commissioner of Insurance will hold a hearing next week on proposed changes to …
Texas Heat Wave Collides With Tropical Storm Bertha
Texas and Louisiana are facing a dangerous combination of stormy weather and extreme temperatures as Tropical Storm Bertha sweeps across the Gulf Coast during a heat wave. Bertha is expected to bring a life-threatening storm surge and as much as …
People Moves: Liberty Mutual Re Names Spurgeon as Global Head of Cyber Reinsurance; Tokio Marine HCC Promotes Dagdelen as Head of Cyber – International
This edition of International People Moves details cyber appointments at Liberty Mutual Reinsurance and Tokio Marine. A summary of these new hires follows here. Liberty Mutual Re Names Spurgeon as Global Head of Cyber Reinsurance Liberty Mutual Reinsurance Group (LM …
Former Arch Execs Grandisson, Gansberg Named Vantage Chair, CEO; Best’s Comments
Howard Hughes Holdings Inc., the new parent company of Vantage Group Holdings Ltd., announced that Marc Grandisson has been named executive chairman of Vantage, effective immediately. At the same time, David Gansberg was appointed as CEO designate – a role …
Allstate’s $1.7M RICO Claims Fraud Suit Merits Trial, Not Arbitration: NJ High Court
New Jersey’s high court has ruled that Allstate Insurance has a right to a jury trial for its fraud and conspiracy claims brought against more than 30 medical providers under the state’s Insurance Fraud Prevention Act (IFPA) and the Anti-Racketeering …
Marsh Reports 6% Revenue Increase in Q2, as Reinsurance Unit Sees 2% Decline
Insurance broker Marsh reported consolidated revenue of $7.4 billion during the second quarter, an increase of 6% over Q2 2025, or 5% on an underlying (organic) basis. Q2 operating income increased 4% to $1.9 billion, while net income attributable to …
Markets/Coverages: WBN Launches Duty of Care Offering for Mobile Workforces; Rokstone Gains Capacity for Autotransporter Solution
Independent insurance broking and employee benefits network Worldwide Broker Network (WBN) launched Duty of Care Zone, a dedicated resource designed to help multinational organizations build coordinated, gap-free strategies to ensure globally mobile workforces are supported and compliant. The launch comes …
People: Georgia’s Walker Named President of National Benefits and Insurance Group
Mychal Walker, owner of an insurance agency in Duluth, Georgia, has been named president of the National Association of Benefits and Insurance Professionals. He succeeds Susan Rider. Walker is president of The Walker Agency, a retirement planning firm, and is …
Iran’s Forces Attack Bahrain and Kuwait After US Hits Iranian Ports and Cities
U.S. forces bombed Iran’s south and west after President Donald Trump said Tehran would pay dearly for the deaths of American soldiers, while Iran targeted U.S. sites in Bahrain, Kuwait and Jordan on Tuesday and a tanker was hit in …